every day we hear clients talking about how bad the federal government balance sheet is, but corporate america has great balance sheets. there's a lot going on that's positive, energy, reshoring, businesses coming back. just stay away from the long-term bonds. short-term bonds and alternative strategies >> i know what you're saying and i get that because it's true. the corporate sector is probably the best part of this recovery. 3.6 trillion in cash, lean and mean, corporate america ready to lead once again, but the question is am i going to be able to buy stocks at much lower levels, so are we going to have a 100, an 800, 1,000-point decline if we go over the fiscal cliff? >> that's a great point. >> maria, we're not trading, right? that's always the question in the market. we have to use volatility to pick up positions and add to equity, and this is a long-term gape. we've become so short-term focused. got to stay focused long term and add on volatility. >> one of the things i'll add, we either most confident insecure people in the world and when we know based on our history and base